WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement on Treasury Secretary nominee Steven Mnuchin: “Steven Mnuchin is the wrong man to serve as America’s Treasury Secretary. “He is the wrong man because he comes straight out of Wall Street, with all the values and policy positions that
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley released the following statement in response to President Trump’s plan to gut Wall Street oversight by rolling back key pieces of the reforms that were put in place following the 2008 financial crisis: “Eight years ago, following a decade of predatory home-lending and
WASHINGTON, D.C. – U.S. Senators Tammy Baldwin (D-WI), Debbie Stabenow (D-MI), Elizabeth Warren (D-MA), Jeff Merkley (D-OR) and Ed Markey (D-MA) introduced legislation to require the President to withdraw from the Trans-Pacific Partnership (TPP). President-elect Donald Trump has pledged to withdraw from TPP on “Day One” of his presidency. This legislation
Washington, D.C. – Oregon’s U.S. Senators Ron Wyden and Jeff Merkley introduced legislation this week to continue a decades-long fishery management agreement that has been vital to Oregon’s Dungeness crab fishing industry. The bipartisan bill would help ensure certainty for the industry and coastal communities by making permanent a tri-state state
WASHINGTON, D.C. – Oregon’s Senator Jeff Merkley today celebrated the official launch of his Water Infrastructure Finance and Innovation Act (WIFIA), which will make low-cost loans available to communities across the country to invest in repairing and upgrading crumbling water infrastructure. The Environmental Protection Agency (EPA) today announced that Congress’s
WASHINGTON, D.C. – U.S. Sens. Sherrod Brown (D-OH) and Jeff Merkley (D-OR) today expressed concerns that a new federal charter for financial technology firms could weaken consumer protections, limit competition, and threaten financial stability. The Senators outlined their concerns in a letter to the head of the Office of the
President-elect Donald Trump’s pick to lead the Treasury Department is likely to face a contentious confirmation battle centered on his purchase of a failed subprime mortgage lender that repeatedly has been accused of wrongful foreclosures. The formal vetting process for Steven T. Mnuchin, who served as Trump’s campaign finance chairman
Democrats on the Senate Banking Committee demanded Wells Fargo & Co.’s board respond to questions the bank has yet to answer related to its sales practices scandal, according to a letter reviewed by The Wall Street Journal. The senators asked the board for more information about its continuing independent investigation of the
Senate Democrats are asking members of the public for complaints about Donald Trump’s choice to lead the U.S. Treasury, in a move that reveals how much they plan to focus on his involvement with a failed subprime mortgage lender. Democrats set up a web site on Friday regarding Steven Mnuchin and California-headquartered
Senate Democrats are dubbing President-elect Donald Trump’s pick for Secretary of Treasury Steven Mnuchin the “Foreclosure King” on a new website they’ve set up to solicit public complaints from people allegedly hurt by Mnuchin’s past work in financial services. Mnuchin– the former chief executive officer and chairman of OneWest Bank– was accused
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